Probability and stats final term Flashcards
(46 cards)
Confidence level of 85%
1.44
Confidence level of 92%
1.75
the border or line between level significance and confidence
critical value
The probability that we make the error to reject the Null hypothesis when the Null Hypothesis is true
It is denoted by alpha or x refers to the degreee of significance in which we accept or reject the null hypothesis
Level of Significance
degrees of freedom
df
Confidence interval
I=x̅±Za/z(σ/√n)
Calculated from sample data used to decide
Test Hypothesis
T-distribution formula
x̅-M/σ/√n
Confidence level of 80%
1.28
σ
sigma
population standard deviation
E=
E=Za/z(σ/√n)
also known as gaussiou distribution, the probability density function of any continuous random variable for any given system
Normal distribution
Ha
Alternative Hypothesis
upper limit formula
x̅+E
n=
sample size
A statistical term that represents the range of uncertainty or variability around an estimate or measurement. it quantifies the degree of confidence we can have in the estimate is accuracy
Margin of Error
=
Equal to the same as, not changed from, is
df formula
n-1
Confidence level of 96%
2.05
A ???l is the mean of your estimate plus and minus the variation in the estimate
Confidence Interval
Alternative Hypothesis
Ha
Ho
Null Hypothesis
Null Hypothesis
Ho
When the given statistics hypothesis assumes less than or greater than value, it is called ???
One Tailed Test